What is MKR

Learned by 1.8k usersPublished on 2024.03.29Last updated on 2025.06.04

MakerDAO

MKR

€1,529.93
+0.62%

Last Price€1,529.93
All-Time High€5,522.86
Total Supply515.65K

Turnover (24h)€2.32M
All-Time Low€147.77
Fully Diluted Market Cap€788.91M

Note: The project description is sourced from official materials provided by the project team. However, it is important to note that these materials may be outdated, contain errors, or omit certain details. The provided content is for reference purposes only and should not be considered investment advice. HTX does not assume any liability for any direct or indirect losses incurred as a result of relying on this information.

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1. Project Introduction
Project Introduction
The Maker Protocol (now branded as SKY) is a decentralized system on Ethereum that allows users to create stablecoins. The system is composed of USDS (formerly Dai), Maker Collateral Vaults, decentralized oracles, and governance mechanisms.
Governance is carried out by MKR holders who vote on key parameters like stability fees and collateral types. Maker is one of Ethereum’s largest dApps and was the first widely adopted DeFi protocol.
On August 27, 2024, the Maker protocol announced a rebrand to SKY:
DAI → USDS (1:1 conversion)
MKR → SKY (1:24,000 conversion)
Maker SubDAOs were renamed Sky Stars
2. Team & Investment Info
Rune Christensen (Founder): Also co-founder of Raw Power Games and Try China; key visionary behind Maker and DAO governance.
Kenny Rowe (Co-founder): Former COO of RChain; co-founder of Octu Ventures and contributor to Urbit.
Funding History:
Mar 2020: $7M
Dec 2019: $27.5M OTC round
Sep 2018: $15M round
Dec 2017: $12M round
3. Social Media URLs
X: https://x.com/SkyEcosystem
Telegram: https://t.me/makerdaoOfficial
Reddit: https://www.reddit.com/r/MakerDAO/
YouTube: https://www.youtube.com/MakerDAO
4. Token Info
Token Symbol: MKR
Total Supply: 902,289
Token Type: ERC-20
Issuance/Burn Mechanism: MKR had minting and burning mechanisms to regulate supply.
Contract Address: https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
Token Distribution:
Initial Supply: 1 million MKR
Founders & Project: 69.5%
Team: 15%
Seed Round 1: 4%
Seed Round 2: 6%
Seed Round 3: 5.5%
5. Related Links
Official Website: https://makerdao.com/en/
White Paper: https://makerdao.com/zh-CN/whitepaper
LinkedIn: https://www.linkedin.com/company/makerdao/
Other Info: https://www.rootdata.com/Projects/detail/Sky?k=MjQ%3D

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BTC/USDT

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€2,198.33-0.59%

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€1.57-1.67%

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€0.16-2.25%

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€0.000001715+1.98%

TRX/USDT

€0.25+1.83%

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How to Buy MKR

Welcome to HTX.com! We've made purchasing MakerDAO (MKR) simple and convenient. Follow our step-by-step guide to embark on your crypto journey.Step 1: Create Your HTX AccountUse your email or phone number to sign up for a free account on HTX. Experience a hassle-free registration journey and unlock all features.Get My AccountStep 2: Go to Buy Crypto and Choose Your Payment MethodCredit/Debit Card: Use your Visa or Mastercard to buy MakerDAO (MKR) instantly.Balance: Use funds from your HTX account balance to trade seamlessly.Third Parties: We've added popular payment methods such as Google Pay and Apple Pay to enhance convenience.P2P: Trade directly with other users on HTX.Over-the-Counter (OTC): We offer tailor-made services and competitive exchange rates for traders.Step 3: Store Your MakerDAO (MKR)After purchasing your MakerDAO (MKR), store it in your HTX account. Alternatively, you can send it elsewhere via blockchain transfer or use it to trade other cryptocurrencies.Step 4: Trade MakerDAO (MKR)Easily trade MakerDAO (MKR) on HTX's spot market. Simply access your account, select your trading pair, execute your trades, and monitor in real-time. We offer a user-friendly experience for both beginners and seasoned traders.

845 Total ViewsPublished 2024.03.29Updated 2025.06.04

What is MKR

1. Project IntroductionProject IntroductionThe Maker Protocol (now branded as SKY) is a decentralized system on Ethereum that allows users to create stablecoins. The system is composed of USDS (formerly Dai), Maker Collateral Vaults, decentralized oracles, and governance mechanisms.Governance is carried out by MKR holders who vote on key parameters like stability fees and collateral types. Maker is one of Ethereum’s largest dApps and was the first widely adopted DeFi protocol.On August 27, 2024, the Maker protocol announced a rebrand to SKY:DAI → USDS (1:1 conversion)MKR → SKY (1:24,000 conversion)Maker SubDAOs were renamed Sky Stars2. Team & Investment InfoRune Christensen (Founder): Also co-founder of Raw Power Games and Try China; key visionary behind Maker and DAO governance.Kenny Rowe (Co-founder): Former COO of RChain; co-founder of Octu Ventures and contributor to Urbit.Funding History:Mar 2020: $7MDec 2019: $27.5M OTC roundSep 2018: $15M roundDec 2017: $12M round3. Social Media URLsX: https://x.com/SkyEcosystemTelegram: https://t.me/makerdaoOfficialReddit: https://www.reddit.com/r/MakerDAO/YouTube: https://www.youtube.com/MakerDAO4. Token InfoToken Symbol: MKRTotal Supply: 902,289Token Type: ERC-20Issuance/Burn Mechanism: MKR had minting and burning mechanisms to regulate supply.Contract Address: https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2Token Distribution: Initial Supply: 1 million MKRFounders & Project: 69.5%Team: 15%Seed Round 1: 4%Seed Round 2: 6%Seed Round 3: 5.5%5. Related LinksOfficial Website: https://makerdao.com/en/White Paper: https://makerdao.com/zh-CN/whitepaperLinkedIn: https://www.linkedin.com/company/makerdao/Other Info: https://www.rootdata.com/Projects/detail/Sky?k=MjQ%3D

1.8k Total ViewsPublished 2024.03.29Updated 2025.06.04

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